Cyberabad’s Co-Living Spaces Experience Rapid Growth
HYDERABAD: As housing rentals rise consistently, the western corridor has become a popular area for co-living spaces, experiencing a tenfold growth in the past four years. According to the IT Corridor Hostels Association, Hyderabad saw its co-living facilities surge from about 20 during the pandemic to over 250 today. This increase is largely due to shifting accommodation preferences among young professionals, with over 90% located in key IT hubs like Gachibowli, Hitec City, Kondapur, Kukatpally, and Miyapur. Transitioning from PGs to co-living spaces Co-living spaces now constitute nearly 5% of around 4,500 hostels serving both men and women in the…